trendline rejection???

Looks like the price is rejected by the daily major trendline. Decided to take a calculated risk by going short again at the close of H4 candle.

Stop loss is placed 10 pips above the swing high - a risk of 66 pips. 1st target is at the immediate bottom trendline; approximately at 144.00.

Below is the H4 chart as of 10 am Malaysia.

UPDATE: After moving like a drunken sailor for a few hours, the beast dropped to 145.00. Now my post is on free ride as the stop loss is already moved to BE +30.


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